Tenured law professor who lied to IRS will return to teaching
A tenured bankruptcy and corporate finance law professor who lied to the Internal Revenue Service will keep his job at the University of Minnesota.
Edward S. Adams had been on paid leave since he was charged with taking more than $4.38 million from investors in a diamond business he ran in 2017, but plans to return to the school after a month of unpaid suspension that started on March 2, law school dean Garry Jenkins said in a letter that was published by the Star Tribune.
Adams pleaded down his federal wire and mail fraud charges to a failure to pay taxes misdemeanor and was sentenced in January to two years of probation, $5,000 in fines and 200 hours of community service with legal aid organizations. He has continued to collect his annual $170,820 salary from the law school.
In detailing Adams’ suspension, Jenkins wrote that “as a tenured member of the Law School, and specifically one who specializes and teaches in financial subjects including corporate finance and secured information, your criminal conviction implicates” the school’s tenure code.
He also contended Adams violated sections on “unprofessional conduct which severely impairs a faculty member’s fitness in a professional capacity” and “other grave misconduct manifestly inconsistent with continued faculty appointment.”
Adams is banned from outside consulting or business activities until 2024 and will not be eligible for sabbatical until he makes up the teaching hours he lost during his leave, the Star Tribune also reports.